Global Schemes

Real time payment schemes are being implemented all around the world. The InstaPay Tracker, sponsored by Icon Solutions, provides up to date information on the countries which are already ‘live’ or in a ‘planning’ phase of rollout.

scheme logos

Here is a summary list of the countries, scheme names and dates of deployment.

Japan, ZENGIN, deployed in 1973
Switzerland
, SIC, Swiss Interbank Clearing System, deployed in 1987
Taiwan
, CIFS, deployed in 1995
South Korea
, HOFINET, Electronic Banking System (EBS), deployed in 2001
Brazil, SITRAF, System of Funds Transfer, deployed in 2002
Mexico, SPEI, Sistema de pagos electronicos interbancarios, deployed in 2004
South Africa, RTC, Real Time Clearing, deployed in 2006
Kenya, M-PESA, deployed in 2007
Iceland, RTGS, deployed in 2007
UK, FPS, Faster payment service, deployed in 2008
Chile, TEF, Transferencias en Linea, deployed in 2008
China, IBPS, Internet banking payment system, deployed in 2010
India, IMPS, Immediate Payment Service, deployed in 2010
Nigeria, NIP, NIBSS Instant Payment, deployed in 2011
Sweden, BIR, Payments in realtime, deployed in 2012
UAE, UAEFTS, UAE Funds Transfer System, deployed in 2012
Poland, Express Elixir, deployed in 2012
Sri Lanka, SLIPS, Sri Lanka Interbank Payment Systems, deployed in 2013
Singapore, G3 Fast and Secure Transfers, deployed in 2014
Columbia, CENIT, compensacion electronica nacional interbancaria, deployed in 2014
Denmark, NetsRT, Straksclearingen, deployed in 2014
Bangladesh, BD-RTGS, deployed in 2015
Bahrain, EFTS, Electronic Finds Transfer System, deployed in 2015
US, ClearXchange, Zelle, deployed in 2016
Spain, SNCE, National Electronic Clearing System, deployed in 2016
Malaysia, eRENTAS, enhanced realtime gross settlement system, will be deployed in 2017
US, The Clearing House, will be deployed in 2017
Australia, New Payments Platform, NPP, will be deployed in 2017
Europe, SCTInst, will be deployed 2017Japan, ZENGIN, deployed in 1973
Switzerland, SIC, Swiss Interbank Clearing System, deployed in 1987
Taiwan, CIFS, deployed in 1995
South Korea, HOFINET, Electronic Banking System (EBS), deployed in 2001
Brazil, SITRAF, System of Funds Transfer, deployed in 2002
Mexico, SPEI, Sistema de pagos electronicos interbancarios, deployed in 2004
South Africa, RTC, Real Time Clearing, deployed in 2006
Kenya, M-PESA, deployed in 2007
Iceland, RTGS, deployed in 2007
UK, FPS, Faster payment service, deployed in 2008
Chile, TEF, Transferencias en Linea, deployed in 2008
China, IBPS, Internet banking payment system, deployed in 2010
India, IMPS, Immediate Payment Service, deployed in 2010
Nigeria, NIP, NIBSS Instant Payment, deployed in 2011
Sweden, BIR, Payments in realtime, deployed in 2012
UAE, UAEFTS, UAE Funds Transfer System, deployed in 2012
Poland, Express Elixir, deployed in 2012
Sri Lanka, SLIPS, Sri Lanka Interbank Payment Systems, deployed in 2013
Singapore, G3 Fast and Secure Transfers, deployed in 2014
Columbia, CENIT, compensacion electronica nacional interbancaria, deployed in 2014
Denmark, NetsRT, Straksclearingen, deployed in 2014
Bangladesh, BD-RTGS, deployed in 2015
Bahrain, EFTS, Electronic Finds Transfer System, deployed in 2015
US, ClearXchange, Zelle, deployed in 2016
Spain, SNCE, National Electronic Clearing System, deployed in 2016
Malaysia, eRENTAS, enhanced realtime gross settlement system, will be deployed in 2017
US, The Clearing House, will be deployed in 2017
Australia, New Payments Platform, NPP, will be deployed in 2017
Europe, SCTInst, will be deployed 2017

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